Canaccord Genuity Group Has Lowered Expectations for Aritzia (TSE:ATZ) Stock Price

Aritzia (TSE:ATZ – Get Free Report) had its target price lowered by equities researchers at Canaccord Genuity Group from C$193.00 to C$189.00 in a report issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 57.00% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. TD increased their target price on shares of Aritzia from C$183.00 to C$200.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Ventum Financial lifted their price objective on shares of Aritzia from C$180.00 to C$186.00 and gave the company a “neutral” rating in a report on Friday, July 10th. UBS Group boosted their price objective on shares of Aritzia from C$189.00 to C$204.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Ventum Capital dropped their target price on Aritzia from C$186.00 to C$146.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group lifted their price target on Aritzia from C$165.00 to C$175.00 in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$180.56.

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Aritzia Stock Up 0.4%

TSE ATZ traded up C$0.50 on Thursday, reaching C$120.38. 163,626 shares of the stock traded hands, compared to its average volume of 688,927. The company has a debt-to-equity ratio of 76.35, a quick ratio of 0.19 and a current ratio of 1.39. The company has a fifty day moving average price of C$130.94 and a 200-day moving average price of C$137.64. The company has a market cap of C$13.79 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.19 and a beta of 2.04. Aritzia has a 12 month low of C$79.40 and a 12 month high of C$174.52.

Aritzia (TSE:ATZ – Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The company reported C$0.96 earnings per share (EPS) for the quarter. The business had revenue of C$951.01 million for the quarter. Aritzia had a return on equity of 34.33% and a net margin of 11.45%. As a group, research analysts forecast that Aritzia will post 1.7771148 EPS for the current fiscal year.

About Aritzia

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Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories. Its geographical segments include Canada and the United States. The company generates the majority of revenue from Retail, followed by eCommerce.

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